Housing costs in Panama City?
A typical home costs
$202,000, which is 40.3% less expensive than the national average of
$338,100 and 44.3% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City costs
$1,200 per month, which is 23.1% cheaper than the national average of
$1,560 and 8.3% cheaper than the state average of
$1,300.
Can I afford Panama City?
To live comfortably in Panama City (zip 32401), Florida, a minimum annual income of
$38,880 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Panama City?
The cost of living in 32401 Panama City, FL is incredibly affordable compared to many other cities in the United States. Despite its lively downtown area, the city's real estate prices remain relatively low when compared to major metropolitan areas. This makes it an ideal place for people looking for a reasonably priced home or rental property. Additionally, the average cost of everyday goods and services is generally cheaper than most cities around the country, which can make it an attractive option for retirees and budget-minded individuals who want to live close to amenities without breaking the bank.